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Message Subject Direct all people with tax issues to this thread. Many poorly educated Americans are having issues with their refunds.
Poster Handle Anonymous Coward
Post Content
Trump let you keep more money every paycheck.
Many probably pissed it all away.

With that, less taxes were paid to the government for the year.
Meaning many will have smaller refunds, (But you had more money throughout the year) or may owe (And you should have saved).
The smart people set money aside, the less educated will figure it out with next years returns.



I am trying to make this as easy as possible to understand, and will take your questions over the next days, but I will have to ask your state, what you made, what was withheld and your filing status if you want me to look a little more into your case.


Loaning money to the government in the form of tax refunds is never a wise idea as you see ZERO interest paid to you on your loan to the government.
Extra money throughout the year COULD have helped you pay down debts faster, but many only know SPEND SPEND SPEND.
I due time, those with poor educations may catch on to seeing what Trump did that will be in effect even after he leaves office, even if reelected in 2020.

IF you were wise enough to pay down/off say, credit card debt, you will realize even more money in YOUR pocket when you are not paying credit card interest fees.





I am going to sleep now, but I already see poorly educated people complaining about this... They are used to big refunds from Democrats.
In actuality, you want as small of a refund as possible without owing, UNLESS you are methodical in your record keeping and saving, then you can really work the system when you pay hardly any tax during the year, and owe a lot.
 Quoting: Anonymous Coward 56561591


The goal should always be to estimate what you’ll owe and adjust your withholding. I never understand why people get excited over a big refund and the remainder of the year they struggle financially. Keep your money throughout the year to loosen the noose.

I realize things come up that change our tax situations that are unforeseen, but you usually have a general idea. They have some basic online questions you can answer to help estimate the withholding you should set per paycheck.

Anyone bitching this year; compare your gross from 2018 to 2017 and then compare your fed tax owed for the same two years. Maybe it’s better or worse. But the idea of just looking at your refund or lack thereof is not really the issue.
 
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